Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated September 23, 2019. The report discloses transactions in the company's own shares conducted between September 16, 2019, and September 20, 2019, as part of a previously announced share buy-back program approved by shareholders and the supervisory board in May 2018.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period.
- Shares Repurchased: 75,811 ordinary shares (0.01% of issued share capital).
- Weighted Average Purchase Price: EUR 18.0853 per share.
- Total Amount Paid: EUR 1,371,066.27.
- Treasury Shares Held: 18,445,934 shares (approximately 2.0% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 75,811 shares on the Euronext Paris regulated market (MIC code: XPAR) during the specified five-day period. There is no comparative data provided for prior periods regarding buyback volume or pricing within this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors. It strictly adheres to disclosure requirements under Regulation (EU) 596/2014 (Market Abuse Regulation) regarding the reporting of own share transactions. Detailed trade breakdowns are referenced as available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (18,445,934) against the company's latest quarterly or annual report to confirm the 2.0% ownership stake.
- Confirm the remaining authorization limit for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in the weighted average purchase price.